1848 Stanwood Road, East Cleveland, OH 44112

East Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Central
1848 Stanwood Road,East Cleveland, OH 44112
$119,900
  • 4 Beds
  • 1 Baths
  • 1,894 sq. ft.
  • Single family
  • Active
Listed by: christopher walling
Office: red 1 realty, llc.
MLS#:5210226
Source:OH_NORMLS

Price summary

  • Price:$119,900
  • Price per sq. ft.:$63.31

About this home

Presenting a cash-flowing investment opportunity—a 1,894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1,450/mo. in gross rent. CMHA(Section8) currently covers 1,190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant wishes to remain, and is on a month-to-month lease, giving you flexibility. With a detached 2-car garage and solid bones.

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Home facts

  • Year built:1899
  • Subdivision & Development:Grasmere Allotment
  • Listing ID #:5210226
  • Added:72 day(s) ago
  • Updated:August 07, 2026 at 02:27 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:11
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,894 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Slate
  • Year built:1899
  • Building area:1,894 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Colonial
  • Construction Materials:Aluminium Siding
  • Levels:3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$119,900
  • Price per sq. ft.:$63.31
  • Tax amount:$1,130 (2025)

Parking

  • Parking description:Driveway, Garage
  • Garage:Yes
  • Garage spaces:2
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